**9. LOSS, DAMAGE AND STIPULATED LOSS VALUE:** Lessee hereby assumes and shall bear the entire risk of
any loss, theft, confiscation, expropriation, requisition, damage to, or destruction of, the
Aircraft, any engine or part thereof from any cause whatsoever, including without limitation,
intentional criminal acts and acts of terrorism. If for any reason the Aircraft, or any engine
thereto becomes worn out, lost, stolen, confiscated, expropriated, requisitioned, hijacked,
destroyed, irreparably damaged, or unusable (**“Casualty Occurrences”)** Lessee shall promptly and
fully notify Lessor in writing. If, in the opinion of Lessor, a Casualty Occurrence has occurred
which affects only the engine(s) of the Aircraft, then Lessee, at its own cost and expense, shall
replace such engine(s) with a Replacement Engine(s) or other engine acceptable to Lessor and shall
cause title to such Replacement Engine(s) or engine to be transferred to Lessor for lease to Lessee
under this Lease. Upon transfer of title to Lessor of such engine(s), such engine(s) shall be
subject to the terms and conditions of this Lease, and Lessee shall execute whatever documents or
filings Lessor deems necessary and appropriate in connection with the substitution of such
replacement engine(s) for the original engine(s). If, in the opinion of Lessor, a Casualty
Occurrence has occurred with respect to the Aircraft in its entirety, on the Rent Payment Date no
later than ninety (90) days after a Casualty Occurrence (the **“Payment Date”**), Lessee shall pay
Lessor the sum of (i) the Stipulated Loss Value as set forth in Annex F calculated as of the Rent